Update on the scheme of arrangement in the nature of demerger of the Company into Distress Asset Specialists Limited
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The Board of Directors of The Investment Trust of India Limited met on May 13, 2026 and approved the audited financial results for Q4 and FY26. The Company reported consolidated revenue of Rs 28,454.29 lakhs and net profit of Rs 3,471.45 lakhs for the year ended March 31, 2026. Critically, the Board formally decided NOT to pursue the demerger scheme that was originally approved in June 2022 for transferring the Non-lending Business Undertaking into Distress Asset Specialist Limited (a wholly owned subsidiary). The scheme had been pending NCLT and other regulatory approvals. Instead, the Company approved a new scheme for amalgamation of four wholly owned subsidiaries (ITI Gilts, ITI Wealth Management, ITI Alternate Funds Management, and Fortune Management Advisors) into TITIL, effective April 1, 2026.
The decision to abandon the demerger is negative for shareholders expecting business separation and value unlock. The new amalgamation scheme consolidates subsidiaries but provides no immediate shareholder value impact. Consolidated profit of Rs 3,471.45 lakhs shows the group remains profitable despite standalone loss of Rs 161.89 lakhs.